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Capitalism 1.0 during the 19th century entailed largely unregulated markets with a minimal role for the state (aside from national defense, and protecting property rights); Capitalism 2.0 during the post-World War II years entailed Keynesianism, a substantial role for the state in regulating markets, and strong welfare states;
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
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Key parameters of debate include: the extent to which capitalism is natural, versus the extent to which it arises from specific historical circumstances; whether its origins lie in towns and trade or in rural property relations; the role of class conflict; the role of the state; the extent to which capitalism is a distinctively European ...
Democratic capitalism was first widely implemented after the Second World War in the Western world, particularly in North America and Western Europe. [1] Following the severe economic impacts of the war, working classes in the Western world were more inclined to accept capitalist markets in conjunction with political democracy, which enabled a ...
State capitalism is practised by a variety of Western countries with respect to certain strategic resources important for national security. These may involve private investment as well. A government may own or even monopolize oil production or transport infrastructure to ensure availability in the case of war. Examples include Neste, Equinor ...
The Origin of Capitalism; Empire; Late Victorian Holocausts; Change the World Without Taking Power; Caliban and the Witch; An Introduction to the Three Volumes of Karl Marx's Capital; Capitalist Realism; Capital in the Anthropocene; Towards Socialism or Capitalism? The Revolution Betrayed; Literature and Revolution; The Struggle Against Fascism ...
Anglo-Saxon capitalism is the form of capitalism predominant in Anglophone countries and typified by the economy of the United States. It is contrasted with European models of capitalism such as the continental social market model and the Nordic model. Anglo-Saxon capitalism refers to a macroeconomic policy regime and capital market structure ...